Lake Elsinore Homes with Mixed Use Subtype

Welcome to Lake Elsinore, a vibrant gem nestled in Riverside County, California. Known for its stunning natural landscapes and the sparkling waters of its namesake lake, Lake Elsinore is a thriving community that beautifully blends outdoor adventure with urban convenience. With a rich history dating back to the late 1800s, this charming city has grown into a hub of activity, attracting residents and visitors alike with its picturesque views and diverse recreational opportunities.

Lake Elsinore is not just about breathtaking scenery; it also boasts an eclectic mix of homes that cater to various lifestyles. Among these, homes with a mixed-use subtype offer a unique opportunity for those looking to combine residential comfort with commercial potential. These properties are perfect for entrepreneurs or families seeking to establish a home-based business while enjoying the benefits of living in a vibrant community. Imagine waking up in a spacious, beautifully designed home, then stepping into your own shop or office, all without the hassle of a lengthy commute.

The city’s commitment to growth and development makes it an ideal place for mixed-use properties. With easy access to major highways, shopping centers, and recreational facilities, residents can enjoy a balanced lifestyle that combines work and play. Whether you're drawn to the thrill of water sports on the lake, the charm of local boutiques, or the warmth of community events, Lake Elsinore offers a welcoming environment for everyone. Explore the possibilities of mixed-use living in this enchanting city and discover the perfect blend of home and business in Lake Elsinore.

Newest Lake Elsinore Homes with Mixed Use Subtype

$4,000,000

TR26214538 MLS ⋅ Active Status

16459 Joy Street presents a compelling multifamily investment opportunity in Lake Elsinore, CA. This 10-unit property features spacious three-bedroom townhome-style units with premium amenities, including central air and heat, private patios, and in-unit laundry hookups. Residents appreciate the convenience of private two-car garages, driveways, and some units even featuring a carport. Strategically situated near Lake Elsinore's scenic waterfront, the property is within walking distance to Machado Elementary School and proximate to Lakeside High School. Riverside Drive offers easy access to local retailers, restaurants, and grocers, while Interstate 15 provides seamless connectivity to regional employment hubs. With two units currently vacant, this property is ideal for owner-occupants seeking a prime location with growth potential. A comprehensive renovation plan can unlock significant rental premiums, capitalizing on strong demand for quality multifamily housing in this desirable SoCal market.

16459 Joy Street, Lake Elsinore

$869,000

3 Beds ⋅ 3 Baths ⋅ SW26202104 MLS ⋅ Active Status

This beautiful custom home, and a fully operational existing business, a Country Store, are sold together on a .57-acre parcel. Both have long term tenants and are producing income currently. The home has 3 bedrooms, 2.5 baths, a basement and laundry room. A well-thought-out floor plan makes it versatile and great for entertaining. Additionally, a 2-car garage, attached to the home by the laundry room. The home is separated from the Country store by beautiful shrubs and trees. The property is well maintained, with automatic sprinklers, lots of shade, plants, trees and privacy. Perfect for moving in and having an instant source of income with the Store. Or to buy to add to your investment portfolio! The newly renovated Ortega Highway is driving up demand for this exact type of business opportunity. With its completion on the horizon, this investment is a wise decision.

32692 Ortega, Lake Elsinore

$850,000

PW26183985 MLS ⋅ Active Status

NEW roofing, NEW plumbing, and NEW electrical throughout. This fully remodeled property is located in one of the most desirable areas of Lake Elsinore—just 4 minutes from the main Lake entrance and directly across from Albertsons, Starbucks, AutoZone, and many other major businesses. The property offers dual access from both the main front street and the rear street, providing excellent visibility and convenience. The property has been completely renovated and is move-in ready for the next owner. It features a spacious parking lot spanning three separate parcels, offering exceptional convenience and future development potential. The building is over 1,500 sq ft and includes two bathrooms, an open floor plan, and a private office in the rear.

30830 Riverside Drive, Lake Elsinore

$697,000

3 Beds ⋅ 2 Baths ⋅ PW26139707 MLS ⋅ Active Status

Commercial/Residential Zoned Property with Dual Street Entrances! Sitting on over half an acre, this highly visible, flat lot features rare dual property entrances with frontage on East Lakeshore Drive and a secondary pull-through access point on Elm Street. The property includes an approx. 950 sq. ft. building designed with two independent exterior entrances, making it incredibly adaptable. Inside, the versatile layout features two front rooms ideal for offices or bedrooms, while the rear section provides an additional private room or office. Previously a car dealership, the expansive lot and high traffic location are proven winners for business. With flexible mixed-use zoning, this is an unmatched opportunity for business owners seeking a live/work setup. This lot is ready for COMMERCIAL occupancy, RESIDENTIAL occupancy, or BOTH! (Buyer / Tenant to verify all zoning and permitted uses).

2006 E Lakeshore, Lake Elsinore

$500,000

IG26115054 MLS ⋅ Active Status

SIGNIFICANT PRICE REDUCTION! RARE LAKE ELSINORE INVESTMENT & DEVELOPMENT OPPORTUNITY! Discover approximately 1.15 acres (50,094 sq. ft.) of flat, usable land with reported General Commercial Mixed-Use (C-1/C-P) zoning, beautiful lake views, and exceptional potential. The property includes an existing 1,637-sq.-ft., 3-bedroom, 2.5-bath home, swimming pool, and expansive outdoor space. Conveniently located near Grand Avenue, with an adjacent fire station and limited neighboring residences, this unique property offers privacy, accessibility, and multiple possibilities for investors and developers. FIVE POTENTIAL INVESTMENT STRATEGIES are illustrated in the photos: (1) Retain the existing home and explore adding a second residence; (2) Explore commercial redevelopment; (3) Retain the home and explore two detached 800-sq.-ft. ADUs with proposed garages; (4) Explore dividing the property into two approximately 25,047-sq.-ft. parcels for future development, resale, or investment; or (5) Remodel the existing home for personal use or potential long-term rental income. IMPORTANT PROPERTY CONDITION: The existing residence is approximately 130 years old and requires substantial remodeling and updating. This is NOT a turnkey property. The newly reduced asking price reflects the home’s age and condition. Buyers considering retaining the residence should anticipate renovation expenses and conduct appropriate inspections. INVESTMENT POTENTIAL: Whether your vision involves renovating, renting, holding, subdividing, or exploring commercial redevelopment, this property’s combination of usable acreage, existing improvements, and reported commercial zoning offers several possibilities worth investigating. IMPORTANT DISCLOSURE: Photos include actual property images and digitally generated CONCEPTUAL RENDERINGS ONLY. Proposed homes, ADUs, garages, parcel divisions, and other depicted improvements are not existing or approved improvements and are not included in the sale. All concepts require additional investment and applicable permits and approvals. Buyer to independently verify condition, square footage, lot size, zoning, permitted uses, ADU and subdivision eligibility, rental restrictions, utilities, setbacks, costs, and approvals with the appropriate governing agencies. No development outcome, rental income, or investment return is guaranteed.

33040 Maiden, Lake Elsinore

$1,950,000

6 Beds ⋅ 4 Baths ⋅ SW26090235 MLS ⋅ Active Status

22-Acre Estate, Horse Property, ADU Potential with Utilities, Lake Elsinore. Rare opportunity to own approximately 22 acres of usable land in Lake Elsinore with public sewer, water, gas, and electricity—an uncommon find for acreage, horse property, or development potential. Located just minutes from the 15 freeway, offering privacy, space, and convenient access. The home features 6 bedrooms and 4 bathrooms, including two primary suites—ideal for multi-generational living, rental potential, or extended family. Functional layout with 3 bedrooms upstairs and 3 downstairs, high ceilings, abundant natural light, open-concept living, and a main-level office. Expansive land offers potential for horse property, agricultural use, RV parking, boat storage, ADUs, guest homes, or custom outbuildings (buyer to verify). Ideal for a private estate, investment opportunity, or future development.

19993 Grand, Lake Elsinore

$998,000

DW26037236 MLS ⋅ Active Status

Positioned in the core of Lake Elsinore’s revitalized downtown corridor, this well-located mixed-use asset presents a compelling opportunity for investors and owner-users seeking stable income with long-term upside. The property features a street-level retail storefront with strong frontage and visibility along the Main Street corridor—ideal for retail, restaurant/café, professional office, or service-oriented uses. The second level comprises a spacious 4-bedroom, 1-bathroom residential unit, creating a built-in income stream or an ideal live/work configuration. According to the homeowner, the bottom retail space is approx. 2,941 sq ft, and the upstairs is approximately 1,104 sq ft. Flexible investment options: - Owner-user opportunity: Operate your business on the ground floor and reside upstairs. - Dual-income potential: Lease both the commercial and residential units for maximum cash flow. - Value-add upside: Benefit from continued downtown growth and infrastructure investment. The property is located within the City’s active Downtown Revitalization Initiative, which includes the development of the new City Hall at Main and Graham, pedestrian and streetscape improvements, and ongoing infrastructure upgrades designed to enhance walkability and commerce. With increasing demand in one of Southern California’s fastest-growing communities, this asset offers a strategic blend of retail exposure, residential income, and long-term appreciation potential.

118 N Main, Lake Elsinore

$998,000

DW25237444 MLS ⋅ Active Status

Located in the heart of Lake Elsinore’s revitalized downtown district, this versatile mixed-use property offers exceptional potential for both investors and owner-users. The building features a retail storefront on the ground floor, ideal for a boutique, café, professional office, or service business. Upstairs, you'll find a spacious 4 bedroom, 1 bath residential unit, perfect for an owner-occupant or as additional rental income. Live upstairs and operate your business below, or rent out both spaces for maximum return. Enjoy outstanding visibility and foot traffic thanks to the City’s ongoing Downtown Revitalization Initiative, a multi-faceted project transforming the Main Street corridor. Significant enhancements include the new City Hall at Main and Graham, pedestrian safety and infrastructure upgrades, and aesthetic improvements. Don’t miss this rare opportunity to invest in one of Southern California’s fastest-growing communities, where business meets lifestyle.

118 N Main, Lake Elsinore

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.